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Japanese refineries shut shop. Are Asian refiners gaining?

Yingxi Yu, Commodity Analyst at Barclays who tracks the energy markets tells CNBC-TV18 that the shutting down of refineries in Japan is a positive for Asian refiners. She also finds that short-term risk aversion can lead to a further short-term correction in oil prices. "Brent crude seems to be well supported at USD 110 a barrel."

March 15, 2011 / 13:26 IST
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Crude has been slipping quite a bit. The short-term demand is set to slump for sure because five of Japan

TAGS: #Asian refiners #Barclays #Brent crude #Commodities #crude #japan earthquake #japan tsunami #Japan’s refineries #Latha Venkatesh #MENA #Middle East North Africa #NYMEX #oil market fundamentals #Oil prices #Sonia Shenoy #Yingxi Yu
first published: Mar 15, 2011 12:40 pm

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